ONEX

OCX		16:00 EST on May 17

$49.84 / Change +$1.04

- Assets Under Management
- Growth In Management Fees

INVESTOR INFORMATION

Investor Information / How We Are Invested

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How We Are Invested

Onex has invested its capital in private equity, real estate and credit securities while maintaining a prudent amount of cash to fund future investment opportunities.

	Proprietary Capital ($ in millions)
As at	Mar. 31, 2013	Dec. 31, 2012
Private Equity
Onex Partners
Private Companies⁽¹⁾	$ 1,747	$	1,862
Public Companies⁽²⁾	803	704
Unrealized Carried Interest on Onex Partners Investments⁽³⁾	162	140
ONCAP⁽⁴⁾	418	409
Direct Investments
Private Companies⁽⁵⁾	151	148
Public Companies⁽²⁾	144	145
	$ 3,425	$	3,408

Onex Real Estate Partners⁽⁶⁾	150	192
Onex Credit Partners⁽⁷⁾	197	171
	347	363
Other Investments	109	108
Cash and Near-Cash⁽⁸⁾	1,250	1,141
Onex Corporation Debt	Nil	Nil
	$ 5,131	$ 5,020
Proprietary Capital per Share (March 31, 2013 - C$43.49; December 31, 2012 - C$41.21)⁽⁹⁾	$ 42.81	$ 41.42

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⁽¹⁾	^{Based on the US$ fair value of the investments in Onex Partners’ financial statements net of the estimated Management Investment Plan (“MIP”) liability on these investments of $55 million (2012 - $39 million). RSI, which was sold in February 2013, was included in private companies of Onex Partners at December 31, 2012.}
⁽²⁾	^{Based on the closing market values and net of the estimated MIP liability on these investments.}
⁽³⁾	^{Represents Onex’ share of the unrealized carried interest on public and private companies in the Onex Partners Funds.}
⁽⁴⁾	^{Based on the C$ fair value of the investments in ONCAP’s financial statements net of the estimated MIP liability on these investments of $28 million (2012 - $25 million) and a US$/C$ exchange rate of 1.0160 (2012 – 0.9949).}
⁽⁵⁾	^{Based on the fair value.}
⁽⁶⁾	^{Based on the fair value of Onex Real Estate Partners’ investments.}
⁽⁷⁾	^{Based on the market values of investments in Onex Credit Partners’ Funds and Onex Credit Partners Collateralized Loan Obligations. Excludes $334 million (2012 - $328 million) invested in a segregated Onex Credit Partners unleveraged senior secured loan strategy fund, which is included with cash and near-cash items.}
⁽⁸⁾	^{Includes $334 million (2012 - $328 million) invested in a segregated Onex Credit Partners' unleveraged senior secured loan strategy fund.}
⁽⁹⁾	^{Calculated on a fully diluted basis.}

Onex Corporation has no debt. Its policy is to preserve a financially strong parent company that has funds available for new acquisitions and to support the growth of its businesses.